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Executive Condominium
It staged a strong comeback after the last launch in 2004. Since then, supply is set to double and more. The total EC units under construction includi...
Latest Publication
Latest Publication
Jan 15 - Sell, Buy or Pay?
At least 5 developments have less than a year’s time to clear their unsold units or be hit by penalties imposed by the Qualifying Certificate (QC) rules. What cards would the developers play in this bearish m...
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Trends and Analysis
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PANDAN VALLEY (Freehold, District 21)
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13 Feb 2015 3:05:58 PM Dropped by almost 20%, Woodlands Ave 12 EC Land Parcel closed its tender yesterday (12 Feb) at a record low highest bid of $103.79m or $287 psf ppr by Hao Yuan Investment Pte Ltd. The developer of Forestville had a marginal victory of 3.8% over the $99.98m offered by Allgreen Properties Limited, the first runner-up. Noteworthy, the winning bid is 18.5% lower than Bellewaters, the previous EC land parcel sold in the area in 2013. Judging from land parcels sold this year, are developers estimating a 20% price decline for EC developments?
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13 Feb 2015 10:34:17 AM Sold at a record loss! A shop in Far East Plaza was sold at a loss of $820k just barely 2 years after its previous owner bought over the unit. Check out the table below or hop over to our website for more information!
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7 Feb 2015 9:05:14 AM Premium prices paid for first DBSS project sold in the resale market. The Premiere @ Tampines sold a total of 72 units, four 4-Room and sixty-eight 5-Room units, since its debut in the resale market January last year. With the cheapest 4-room and 5-room unit at $570K and $598K respectively, these DBSS homes are at least 11% costlier than the median resale price of a 4-Room and 5-Room HDB sold in Tampines last year. Noteworthy, some owners have profited more than $200K from their DBSS flats judging from its initial launch price of $278K-$410K and $308K-$450K for a 4-Room and 5-Room unit. Bang for the buck? What do you think?
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29 Jan 2015 10:12:47 AM 3 more quarters to price recovery?
Probably, judging from past experiences that bearish cycles typically last for 8-9 cycles. But of course, unlike its preceding cases which were caused by global economy crises, the recent slump is a result of a calibrated intervention by the government (resulting in a steady decline over the quarters). Do you think we can anticipate a recovery at the end of the year?
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23 Jan 2015 5:27:04 PM Here’s a quick update on the EC projects that are still available in the primary market. Noteworthy, these are the last few EC developments that are not affected by the resale levy applicable to 2nd-time applicants.
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